Empowered Funds LLC Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Empowered Funds LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,976 shares of the Internet television network’s stock after selling 465 shares during the period. Empowered Funds LLC’s holdings in Netflix were worth $7,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. New World Advisors LLC boosted its stake in Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. Heartland Bank & Trust Co increased its holdings in Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after acquiring an additional 15 shares during the last quarter. Cedrus LLC lifted its stake in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares in the last quarter. Capstone Triton Financial Group LLC grew its position in shares of Netflix by 0.6% during the third quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC increased its holdings in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research reports. KeyCorp lifted their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Loop Capital increased their price objective on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Wolfe Research restated an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Finally, Rosenblatt Securities boosted their price objective on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $748.15.

Insider Activity

In other news, Director Leslie J. Kilgore sold 1,372 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $704.81, for a total transaction of $966,999.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 205,084 shares of company stock worth $146,747,101. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of Netflix stock opened at $823.96 on Friday. The company has a market capitalization of $352.21 billion, a PE ratio of 46.63, a P/E/G ratio of 1.59 and a beta of 1.25. The company has a 50-day simple moving average of $735.77 and a two-hundred day simple moving average of $680.46. Netflix, Inc. has a one year low of $445.73 and a one year high of $841.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.